Journal of Islamic Banking _and Finance neue eneesnne fl see BS) yememecmrammeree BS) Saree HA ees wena nae fe] ezgsae toto — Tig net eraopertin to Sem Ona Cases {ase ramet Bey non Ea se econ gS a — ae ‘Meezan Bank See fatShari'a Governance Framework in Islamic Banking in Oman: Issues and Challenges yy | Meta man Sara Mit, PAD” Abstract ‘he mst ome! chang facing nami Baking Ents (BE) inthe Shane of Oman thew comer nomi ning scaly nthe {GCC ert Yo ensure th al comping, ‘Trctpmont and Inpemonaion of the prt orice cont of ‘in ont itr wih Shans rer and prince The main bet (ft pope 0 summarise the cent race of Sha obernane amok ofthe sn ra Ot oe Oe anges fed by ach “ton In the meantineConal Bank of Oman (CBO) has ied r Sra Gormanee Promework th lac Bong ego Frammwork (BRI) of CBO. The rameware deed by a expr ad ‘Sporn eam ads rts of Sha governance GCC ‘rar and” worden peer Thee) emo of Shar {overmace fomsvark shal conta Shot's Sigerisay Board Inerat ‘Sra Reiner ead of Shana Shor Conplanc nt Shara Rsk tn ond Sha At Na on that engton de ale of Sata {he'CB0 alo tamed a regsaion fr the xlahen of High Shara ‘Srey duty (HS&0) nh CBO to harmo he opine eed ‘e'Sior'e mates among he The lemons ve epee perfor ‘on merge rae Shara mtr lain are Bag bias ‘Sin Tir paper aa ccoses Be ero calongs fed BES Oman and propies same tprovanen forthe CBO i order 10 renin Shr governance ramevork nth Sonat Keywords Sha’ goveane, Islamic banking ei, cel us of Omak Paper Type Reseach paper “Autor tet of Stary A Yur si Baking Omen Ab Bak.cy Jour of kone Baking a Finance yep 2018 4. Introduction Isai Basking ad Finance has ben experting an impsive developed an email pow gant yferesng aa earns nee Yeas (Cio EL 000) roe ofthe fate poming niin tn a send acme of the le anda he sme ines receving ie acceptin by both sin nd on Muti ate ght alyeu 3003) ani Banking Ee ave dt to ene {lhcomplance af the IDEs with Shar'a rls and ses yall peat of er ‘oda nanny basins operon ané pte 8 exis & pet ‘hur fovemmoe framework On top of hat ep ators ch ws Curl ‘Bak ant Finca Sec Aut) ae ene he emia SF pope ‘ons th cove ope Shar govemance mer “Toe Cental Bank of Onan has Bee covered the important rss of Shea [Btn nd Govertce use sdng th role nd respon of nt ach ‘te oof Sua Supers Boar mera Shara Reviewer, Sha’ Compince aie Shots Aut Unt tod Sa Rik Conte ton Tie fnctons fae = lle lay Inenixing a mains Sha empl ates. ‘Sta govemance ia ery ei ae in caning nies BES) Iinpoeant a sorente poverance 1 ary isto. hi te mechani wich ‘dein: he cmplan® of Barnes eve anaconda and nen ‘ih th price a Shar. The Sigicnce a Shar’ govetnce spies {ole fring and ainsiting he cniene of amc anking ol ceeds om vnwpolnt of eater Hirai the ines oath of omic finance mousy (Onmean & Mil 203) cca be cone the ar sl he ‘ientsing” tr fae basta make hem vege fore ‘coven! ours (BRP, Tile 2, p7, Therefore, te pare hgh te ‘plement of Shar'sgoveance famevwore win the [BEE Tate Salone of ‘thn ncicing the ver and clenger tured es 2 Islamic Banking in Oman sani banks inh Sutat of Oman ave ge in sy 2013 arth ace of Roy! De 6972012 of Deer 6,202. The man uo he yal Dee ‘ume sto mend si eons hr are acl 12026 ip the oor Bsting Law of Gran unde ow soon id “sae Banking These ai ove for gel pvcens af Teal ranewerk,sperston sal dra of ne ‘eg, te Jonas of the Board of Governor of C80 to Set “pats aed [Bdlns a well a autor tere amc ks an ene dower vine tee we sy mestined flac king Canes stolen ‘sei wh Shas ic nin er of e Ses wes ech ‘amie Banking Eni The point pls ti covered fm alr a BE ae ‘hompe fom any nd offs ioed on dealing in elem tne movale et ‘rome he stare of lsnie fen 2 ovate tat bef i eg sld ‘Shsomerr (nt Sprene Counall fr Ping, 2010) The Royal One hs ‘Snenel some proviso te Bang Law offleil in the Royal De 14000 irae sno poston o elas Banking ater th uanze of Ral Dae,‘Shara Gonna Frameset anc Baking Onan * ‘Cent Rak of Oman sete Clr IB 1 of December 18,2012, which sop ie ‘iv eamis funky fraevork to ute he sans fang snes ales {Su oprtion The minimom capa tequrement ms so reauted eewcle ‘thc ie OM Too min fe edged Ise Bank, while OME 10 ‘aio fo [ac windows and OMI 90 millon fr foi Sak (BRE, Tie 1 Llesing Requemens p13 ‘tough Oman ish it cust te station Gal Caoperon Coun | ind uote fn, the ein of name inte st fe ens Spores by # song vegans ferevert at eee UF exes sod expel {alinc tang an soe payers n be bal markt a cove al apc of Mie ‘ekg Ths femevore aly emi Bang Reulatory For Cel ink ‘Once pes feed Iaumie tema the amie nds of he Severson bens at esd Yo pers fe Sot. Cuenta ao ‘sec bar which ae Bao Niwa and Ala amie Ban ad se nc ‘Winds tat, Axa Baing (Onan A Gy Most stam Bang (lank Musa ion lume Baking (RasoeBak of Ona) So same Ek San Mena ere Ban (rk hoi) snd Al Ha som Bak (Bask ATA In addin 1 tat, he ere fr le bansin Oan alo promising sof nd 201th ola har of he smi tok n Oman rence 7754 he a ‘ening rth Suton (EN Onan Report 201) nun 2016, the mt are of [tan token Oman ah 98499 which aqua 9 OMI. 25 ce wi 71 ‘euch ruphut Ons ns Suu Coon Pam, 216 pe oe ID Wey ef Jerry 2017, CBO repre hat he mat hare of ie in (nance 1% wih seal OM 3 lle (CBO, 20/7. Tis ware ‘Sle ee Or ha leaning for hs expen of ober tons Learn ffm the miner made whe hs upd sad sae wo Ise barn art ‘ian pal maw th Coal Ban of Onan (CBO) a a sawed he ono ‘itn an arg be ed yang ess sch sow aes lag etd among eof bal Shae nil Rt for ane aad Windows Ona gars ios RO) Decor | Decenber | December | Jone ‘aie | aoe |r | ore [Toate Awa 39 [ aw aan 3as0 Total ef pein | v0 | as | 1590 | 16 Taal Fiesng | 06 [ue | uma Marka Stareot | Sere | 8a | Tass | wa Banking Aci Nomber ot eancea [| ai “Sows Mase Sere Coon or Panning, 20616 tara of nan Banking and Face ly Sep 2018 ‘er tan tt, thereat aheveens of the am anking er il contin wa ple tlety over the nes ve en A the ew cme ee Smells sl fd by Isami Banking Exes (ts the Sunt, sc {he ack of evans abou smi unin onsacion an cvs, United ule ‘ena ap nse Sac, sie of iu insramesinsami nsy ‘mek an lak of Sak ance ade slim espe mara. Tse ‘Galena ed tbe cally adresse byte aan banking skola ret fer ndury gow, Epi nthe ae of Stara mater, he mar peers he TB have to be-aware aot the inpoanse of Shas goerance hel good Csrprtegoverance This eben Shara plays lor piper mpeg {ScKtocomply ith Shae acyl er and pcos 3. The Importance of Shar'a Governance for Islamic Banking Entes inoman “The inporance of Sta severance hat Seen poled out by the TFS in principe 3.1 he “FSB Cain Prins on Comore Covemanee’ FSB ss ‘Eat “an sprog mechan sat be srend to ere the somplnce Wit he ‘Shara pies Simla. Pape 71 ofthe “IFS Gulag Prelles wo Rk et sats thts IFS stall hve In le alegne yates nd conc Incaing Sha’ Boar/Adisor to eure complince wit Se prince Te ‘dont a, Fe sal viet acted yi t pve a he bes ‘Svein rer ene Sh sooplnce a a es antl eee Thaw se ‘sy slemens of Sha govemance fanevort fh. Oma inating High S's Sperry Autry (in CBO), Stra Sopeisory Board, nema Shas Reviswer (ie of Shar’) Shans Canplance wit Sars Risk Con unit and Sb Kot ‘nea Buk of Onan has defied Shar goveance as “a stom whey an Isami Fini Inshaton ents fo comply wit Sars inal he movie ‘osedig to FS9-10 No.3, Sha Covance Sse t's of naa ned ‘ezainonlarangenets gh which Ime Fn! etisons (F) ene th theres efectine cepa oe of Shar compliance ver he stance of ‘lcvat Shs ponancenens, anemiion of ifrmaion, oy eral Sie Cemplitc view nut sd snl Shas compliance revw/adt (FSB, Decent 5s} Whtesecring o IRF of CB0 Inte Tie 2 09 Geer Oblates snd ‘Gover on page 7 Shura overce dened st «system whey a ne {arctl staton steps comply wth Shar all pets. The xs of ‘Sha governance rmeweck and guidelines becomes ol met the uiqu nes of ‘heTlanic barking ets In te Sate two caging. Thre ae nue fis embedded In IBES which do nt ex ‘ventional ctuterpare sachs Shara oreomplne ti Te ak woe a TBES also comply wih Shar pice that ave ben nosed by Shr ato (ier HSSA oF SSB) (FSB, 200626) Thee, sound rope Stu [mvermce system ean mange avi Shar non-sampling Hk BES hat may ‘Sts ls and nga repute BESShari'a Gonemance Frome ac Botign Oman. ” Since he Sha comple is the acon of BE, tes egimaey he tic of IES ae both conned he ub hal {he pracices an stein comply ih he Sha mall ne, Thro, Sha [gerne eit BE fo pte he test ofthe sales. tm adc 0 ‘Eye inlomcitn of Sur governance eocouaed ty nin! reply Istons ke Accoutig ond Aung Oremizato alan Finechllstons (QAOIF) an sane Final Servos Domed (FSB (Hames, 201). Ks essen 0 {Bes to compy wih Shue to enhance the conden of he skaoles of BES (isha nd Nac, 200) Moreover, the existence of wns compliant cement i he busines and operon of He des st sly aft cence of he pi in TE, bt lo ‘Tynes IDEs to repos! ike Te fal complies of IBEs wih he Sasa mes ‘nl prnie wl fe clved by faving proper Stars Covetanceameverk. Since CBO has he fill toy to oven, rege and supervise the Shs npn ofall TBE, is very pont er CBO to err tt TBES ie ‘lem proper She's gvemance in ech Isami bank shoul be oe hat ‘nan ist new Payer oan bking the GCC make. The baby tan ‘Mi be or iplementng oper Si govemmos is Hshr oe to Ick of ‘Sarat ty I of the importance of Shas goverance wo be apy the sic ‘ting secre On th te hn he CO fr eter laced ole what ae the ‘ucts in inploeting Shs goverance a wt eth urs ae by Sa Supers lard td intl Shu Depa na prea Isic venk 4. Shana Governance Framework in slamic Banking in Oman nani aks Shara compliant companies oper unde ifrent race of| oporate govermce fem comer! take, Bosse hime banking he ies of Sn Spensry Bord as obi place sper Sha mates ty parla amie tk which compres of Shs soles who pez! in etmsamalah, Te leans bank all eassh Shas depwrinet which comes {imal Shar Reviews, Sha Risk Cont, Shaws At ant and Sta CComplince nit who conrad manage te bss nes ofthe unk nor 0 ‘See comple wih Shi'a on yt dy bs Tis struc peal Sta ‘Goverane,inpleeting of wich wil lp sian bls flat hemses ‘om noma banking estos Kasi 201) congue te Shara zoveranee guidlines of AAOIFL, FSB snd Bak Neg Malas (BNO, The pape fond at Sas ovens eer ove ty AOI ha sven sets While FSB, te Famewor nls spe {En pyro ot Shans povemaos stem and he gaiave characteris of Sar Sperry Commitees Inthe ca af SNM, te famevork plovies pawl Teeiemens on guliive carters ana idles 00 Sh fore, Sha ‘i Shara managenet nd Sh seh7” ura ef som Banking ond Finan Sp 2018 “Te imorance of Shara spserance BE is alo seed inte IDRF of (CBO, There we wo main obecver of Shr Goverance fener Bt 9) 240) Inport oso ener the urine actives ae crane wt Sar 0 [roe a soctre and oom fo gor al the base acts of the tame Eanting res crf nae Stara campionesal time on tal es ‘Soon tenable te Itami Banting Er 10 epee ar Share compan {ihe alaldr lige orl ble In gener te setae of ha goveance in Oman ste in he DEE i flowing ANOIF Share pvermeesuodr for ams fans natn (Fl) ‘Tho ae seven Sad under ADH goverate for ls whic se low |. Sha’ super Bond Appinment,Conpaston nd Repo, whith is sind nthe BRE 2. Shs Rei: As per BRIBE shall ve Ine Sha Revver {Sys Heda Sta 2. Intra St Ravi po TRY, el have ha’ Coane {BR ts aha hve Shr Aud uni under Sha pare: was erring wile SR 5. Indeed of Sa Saperisny Bose: Tino res per TRF, 6 Stent of Goverane Pini fr slamic Fanci Ist, sao ‘reno he BRE, 7. Corpor Sci Responsibly Condut and Disdesue for Imi mci aston, sa Mie ESBD nS Grea rt tnd a ei no 1 povemance sem conplemens the tse govern, sonal complnce ‘inca inthe BES the lla an Seren fn ta rparson to convenonl banka sere belo anos Socom Ae Ese Ome Gowran + “tro + Ssigen Sarai) Ena Aoe San Bae a * Geta Bre * Sates ‘Management 7 lee Niret ne SAE at inet ‘err Ra Bila rt ‘Soe 10on Shar Governance AhrShari'a Governance Fromerkn lame Boing n Oman. » It Is the dy of all the atkeoler pial the shrctors an he mangement of he Licences angen Sha Govermes Famer of et ‘een stuns Tae beste cn scleved by dalvering rope log the Ieagenent anf proper untrtodng peraning Yo the imporance of Sn fverance in IDES In pestis, he dled sae ofthe Shr governance sem in Ishi ks may vary or est to anther, Seeding a the pes of Sects lop {RLIBE ts parted yt anor The Shara governance a dpe on hie eth sage of devapnen ft prea mic bank All ous in the GCC Sich as Orsan, Ctr, Sl A, ui, Ban and UAE following te ine ‘Etro i inplenntion of he Su povernance str hl sack ‘Wate sly Oman Brana UAE have te igh Sra Authority fa thelr Cow ‘Bink wht fn sy o9 Shans mars parca Justo, Thera six ky ements in lai bking in On tht shoul be in ple ‘hie Sha soveance since nr 1) hry fie elements sul extn {hella br soon nent he Ces nk Tes Kylee aes alls 1. High ia Suprisry Aubin Cena Bank of Oman 2. Sha Sipritary Bowlin sie Bak 5. Inter Sa Reviewer (SR) in ani Bank 4 Sha Compan Un der iSR 5. Shs Ade Ui under Shorts is Control une Risk Managenet Divison and etd Iie Shri ovence Fremevrk perth TBR of BO ‘Sharla Governance Framework as per the IBRFE Se© Joa of nkancBaigand Fancy Sept 2018 5. Current sues and Challenges in Implementing Good Shan'a Governance in Es in Oman 54 Issues 154.1 ndependoncy “The ndependece of Sb Soper Board and ntl Shas Dearest ramus eno he pli concence he IBE ad ese the BE chee Findonetol obecive whch soopianc wih Share rales and pris Infependcre fr te S88 for eal nthe rn th rote any Fwd the Sot snl nt ge any peste ening nore fom the manager of ie TEE. No inva te poup of Ivo shal fe aled to dominate the SSBs festion-king i ay ets Oma, be eastemer sae BE show the Fw fh ted by he SSB ofthe rss a shoig the pot optic ith ‘Shc Tc pot in ert piv soe of tiene and om othe ‘Sct te pace of asc ni used onthe Sha sand ens ‘Taare main his onfdency, the SO sould not be he enpoyes ofthe ame TRE sof shoul ot he invived in mango dels and operational espe “Tere theperoanse assent of th SSB menbes has be eves ty the bond of dee of te Er and tty the management In oder fo ac (Dofictof nts Tae HOD shall ey any sone tht my impe e {edemdence of te SSB in sence fds ithe Sy ofthe hrc and {Becmangunent ofthe IDE to seinen Shas governance famewer Ine cs, Seber the manages of be BE as conf fires nh th and ines Uingniy te SSB member, he mangement so get econmendion fom bb ‘eso and sj te approval ft sharers mn general meting, Any ‘epson e rma of Comme in S's old Be povided ih al ‘Biome C80 roavld onl of mere ‘Sins, th tna Shi'a Reviewer a an ee ofthe SSB memes in he 1B, where ole wo xs a ony resco of th TBE ain core ‘ith Shar rnin nero main cependecy terol of eR ‘estes appeal flo te rf recta conslnion wie SB and seen {oie Con! Bank of Oran whe ona whee of aon. However, he CBO ues at eto he pe nar ery relent of te 1 an TE as it ‘ds forte orl of Hen of amie Baking in he nic windows wich Is Sar gover yudeines giver stat last General Manage, Dep evel Manat Asisané Gone! Manaaer Tos senor request hol ben oe for exampe te IR shoul be at lent Asstt Gene Mage ih fu eged ‘slam be wile slam winds an Exeeute Mange, Teer, any ees {Ee ISR is oslo enforce he Sua econ ote reed eprmen nse Here {ehonsomplnc fod ib B's trsarion 5.4.2 Competence “Thee ae various menue given the TBRF fo ese eos experi and shin SSD Ar SSB ember us ove a Shae bskpounabldet oF minum‘Siar’ Governance Framer lie Bangin Onan, 0 acho deren he eld f Shar ining Us igh nd Fgh Meamalat fom 2 Feoomeduniersp. The SSB meter has oe blo emote an segeue (Suswaning of fvanccbnking ipl and rosy framework md sane ‘nuncetulng The BE sal fst the SSB to oodne profes! Jveopact { povding member ining Fane a teking ned mates. Alto wit al he euros oh IRF, some SSB members bo ave let ena tuning aay sl ave ayn andoning te ‘re ofthe pode arava of pod sles nthe Es ‘non-Ab sper resling in products beng desed In English verso, wile ‘ome SS8 meme ae cl le speak ANDI ‘54.3 Limitation of Local Shar’ Scholars Cena Bank of Oman ie encouraging he IES 0 develop Onl experi inte Sts sehlaap a wel as Shapers the Sha eprment Hwee, ae ie enabler sant an esy Job to find qulifed Sh scolar wo ve ‘lien in Url Fgh and Fgh Nuala ft SSB eer te (BE In Sree hove Orn Schl nthe ste CBO us cfc te IBEC ive tbe ‘leat oe Onan ne SSB ember eceptnaone, In ado that, CBO lo needs o req he BE to bit he BE san ‘in developing Onan scolhip nd esperise a well the Intra She ‘arent hh ban Faremore, CBO ba ler be een: ‘anh sess m SSB members wel are eral Shar paren {54.4 Training on Banking Practices “Taling for the SSB members ad nema Shae depart i am inporan lsu inorder dveep thsi te Sbar sours wa he Mamba CBO lls the IBES opie the nested senor aie apepie iing & Ineral Sharereoues i order etble them to cay ot thei dues th ‘umpteen pln lb abies othe CBO on aml aie so IBRE Tie, Clase 3133) ‘iia find sable a appropri ing or he Shu ences in Onan Besnse thetaning prvi Oman mest poi sro tain yar ‘ning Ont ined Sr rele cures ar provided ye Cleef Daring ed anit! Stee (CDFS) Nos 9f Shr le trainings are valle cutie Oran {reap Dba ich ets ore cor tthe Oma IE In may aoe he (CaP S cael fe cours do Hino of plc fr Sawer 52 Challenges (One ofthe mot signif chal the dion! cot ee by Ianc ‘king enti ah Saltese of Oma ring fom aaa! Sha poems {lements elt Good Comore Governce Pramework tt eos of fa si ‘Semen. The ado co for he Ero pace Sed human remus wth 82 eae sae Baking and Finance ay Sip 2018 pes requires set ot by she Cnr Bank of Onan inthe BRE is saher ‘SElnge rth Es in Onan Ths ope the IBES wt expari's fom euide ‘Onan st tase potions nor mex he ele of CBO. Beside athe ‘Stein he IBEsHvet manage he Oman In tl uk by icesing uber ‘Stoomant ate Lets th pti of Sha Soper Band in he BES, CBO reqs te IE to hae Ssh samen in bs quaiiston se Shar sete esi Pgh Mame (lac commer Jusprfece. While the wally of Ona Sha solr spend in Fh Mis very Tinie theo ts Ny Slant wg Sart cola a spetd inthe BRE sles ‘wo winds nd wo oe en ane. Morsove Fih marl i in eveloping pase and compiatd pa of ‘anil seus Gh al babes nd banking experience. Soins, ea ‘Sha’ scolar ay ot apron hte concept of ami iach Itecione Ther we dif Macha (schol of thugs ine) Onan, tl te major of Omani dere Sun nd Sn coo of top. ach Natab ar iferen heptane of S's ows. However Cel Bank of Onan To‘ High Shar Spurs Autor t harmonize he Stra pon mong tb Sf the TBE oh Slee Tree, Rahman 208) rats a he Tinton of ode owls aa pats taking expose wos cee itis {or Shar colar nerd the ejeie ofthe spovl of profs ad sve, Even Msi one th plorer sun i stenting tl ws be chalengs of ‘orage eff of hsb (Chowahay, 2013). In dion to tt, CBO spas tat every Iie ove le neal Sit’ Depron f spp St conrl af the SSH meron ao dy tse the extend tnd and ee fhe SSB Te he of Share Department ce ‘they eel nal Shas Reviewer’ has ofl he tae ee a 550 rember which ist be = Stes Seno, except tht the nium evgtince Fogle fv yer Since te eben of ani ing Orn 201.0 ‘Det th requirement of CBO a given nh BRE x very chlenging Inder ont ‘rh te reuements of CBO fete Sha’ Depreent which ot js fr real ‘Shas Rewer bt ao obey set sh Shara compe un, Sha atu and Shari nol sah BE hs to vel ae five oe Sus bie plan fr Ors stzee nis ope Sin fr 88 poston, Ielanc tro aang he tsnng ln fra ‘Sha schol to ain hem nem of pil sami tnking stn, opens tau cononperey gh mamal. Ti nine sould core fo an aoy The 8 ‘Shea btn oderto fre te IRE eb fore ster pen fr he Oran Sotte 6. Conclusion “Te primary objective of he paper it sume he erent race of Sha evemance framework af he IBEe Oman soos the chalergs ed by Sch‘Shera GorrnamceFraneork in ae Baking in Oman, 8 inatstions, The cue regulation of Cen Bask of Oman (CBO) hs provide « rope Shere ovemancefrmever nore fei the IDEs complnce ih ‘Sarvs nf piles, Atta he east of he amie banking wa [Stein Onn conpured octet GOC cuties. A oper Sha goveranee fev ‘Sn place tat send by the eg snd the exerend fear a ops Set tier of Sa govern in GOC nd he worlwide Bene ‘Compare tthe pose in sane nnking sch as Malesia wich hal apn ‘nani biking since 191, Oman a forced te IE poe i ay element tht Share govemsnce ame tha sonals Shc Soest Bead cel ‘Shu Revco led of Sen's) Sines Compliance anc Shr Ran nd ‘Shura Audi usitNetonly htt Sueagien he ola Sha he CBO als io ‘equation fo the eulismant fHigerSha' Sopervanry Auta (SSA) abe {GB0't hamonie the opsios telatd to Shara ates among the (BES. Tee ‘Sms a expected o prom an veri leon Shama rela a being ei acer, Hove we ts ancl ey Ee Suna govenence famevork ia the Sula This propel eque Sme odie of the IDRF by the CBO inorder 1 avid confit of irs Tilementne proper Sha govemane he Es. In don wo tat, CBO eve hs ob abl en the euents sues and changer hat re fe y theta! Shar's department CBO ashi be abo ‘Se wp th poet ue at gt es he tral She Speen petring ‘Se Shar anion within ssa4 ara of ami ann and France ly Sep 2018 References /AAOIFL. Bari: AOIFZIOS, /AAOIPL “Shes Stand fo neni inl estos. Staab Std No. 25) Coit of Conte, Babi AAOIF 2072008). entra Bank of On, 207, lic Baning in Oman, Preeti of Cnr Bak of ‘Onan in 4AOIF Workshpon Shar Govemante, Mae CBFS (Chong, BS. & Lis, M, H 2) “sane Banking Interest entered” "asf asin Finance Jura, 0, 1251 Choma, NT. 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